Global footwear maker Brown Shoe (NYSE:CAL) announced yesterday its second-quarter dividend of $0.07 per share, the same rate it's paid since 2007.

The board of directors said the quarterly dividend is payable on July 1 to the holders of record at the close of business on June 17.  Brown Shoe has paid a dividend for more than 300 consecutive quarters.

The regular dividend payment equates to a $0.28-per-share annual dividend, yielding 1.6% based on the closing price of Brown Shoe's stock on May 30.

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